High Growth & Smooth Sailing of Automotive Suspension Market

Posted by Stratview Research on December 20th, 2019

The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGR of 4.3% over the next five years and expects the market to cross over of US$ 64,050 million mark by 2021.

The estimates are a result of market analysis over a period of 2010-15, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Suspension Market during the period 2016-21.

Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Suspension Market respondsto all the significant inquiries.

Suspension includes many components: shock absorbers, struts, leaf springs, coil springs, stabilizer bars, control arms, ball joints, torsional bars, and many more. All the vehicles must have a suspension system to provide smooth ride and reduce vibration caused by irregularities of road. Over a period, the automotive industry has experienced a significant change in the suspension technology, material, style, design, etc. There are countless styles of suspension components available worldwide featuring different advantages. At present, the development of lightweight suspension components is the key focus of automakers to meet stringent regulations of various countries.

The global suspension market in the automotive industry offers healthy growth prospects of 4.3% CAGR over the next five years to reach ,050 million in 2021. Increasing annual production of passenger cars, light commercial vehicles, and medium & heavy duty commercial vehicles, increasing gloal automotive fleet size, increasing need for lightweight suspension system to achieve stringent regulations, such as CAFÉ Standards, increasing customer expectation related to vehicle comfort, safety, stability, and control, and increasing need for suspension with reduced space are some of the major drivers of the market.

Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.

                It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.

                The market of Automotive Suspension has been divided into categories such as by Vehicle Type, System Type, Architecture Type, Component Type, Region. Insights on each segment can be of critical importance to any player.

Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:

• Which are the best performing segments of the market?
• Which is the most dominant region?
• Which material is the most promising?
• Who are the movers and shakers of the market?
• What are the regional growth hotspots?
• What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/191/automotive-suspension-market.html

Benteler International AG at the Helm

The top 5 players are Benteler International AG, KYB Corporation, Thyssenkrupp AG, Tenneco Inc, Mando Corporation.

Other important firms are Benteler SGL., Continental AG, Wabco Holdings Inc., Magneti Marelli SpA, Mubea Fahrwerkstechnologien GmbH, Hendrickson International, Jamna Auto Industries, NHK Spring Co. Ltd., Rassini, Sogefi Group, ZF Friedrichshafen AG.

Emerging Trends:

Increasing Demands of Active Suspension System

There are four types of suspension systems used in the automotive industry: passive suspension system, semi-active, active, and air suspension. Passive suspension system was the most widely used system type in all the vehicle segments in 2015, however, active suspension system is expected to possess the highest growth during the forecast period.

Passenger Car to Remain the Dominant Segment

Passenger car is expected to remain the largest segment for automotive suspension over the next five years. The segment is also likely to witness the highest growth during the same period driven by high annual production of passenger cars, large passenger car fleet size, increasing demand of lightweight suspension components, and continuous advancement in suspension components.

Asia-Pacific to be the Largest Market

Asia-Pacific dominated the global automotive suspension market in 2015 in terms of value, followed by Europe, North America, and RoW. The region is likely to remain the largest market during the forecast period; however, RoW is likely to be the fastest growing region, driven by expected recovery of Brazilian automotive industry after 2016 and upcoming assembly plants in Middle East and Africa regions.

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